Download file to see previous pages...
This technology is significant in hastening a speedy transfer of information from the manufacturer to the retailer. In addition, this technology is important in terms of improving accuracy and security of data (Gopal & McMillan 2005, p.58).
This technology is enhanced by the existence of a global network termed as the Global Data Synchronisation Network which is under the management of GS1. This organisation (GS1) is responsible globally in matters dealing with the design and implementing the global standards and solutions necessary to enhance the efficiency and also visibility with regard to supply and demand chains existing across verticals. On another note, this technology is necessary in the sense that, it enables trading partners to have access to product information in real time. In addition, this technology is necessary in a globalized market where obtaining latest information is critical for businesses. For instance, any change made in a firm’s database automatically reflects on other business partner’s database. This is made possible through the GS1 system that relies on the Global Trade Identification Number (Gopal & McMillan 2005, p.62).
2.1 The industries engaging in retail and consumer products recognizes the urgency to change and adopt a technology that would ensure system-system synchronisation with regard to products, price, the location, services and sharing of other information between business partners. In order to achieve this milestone of data synchronisation that involves many systems, standards, businesses data management and electronic synchronisation have emerged as solutions to problems related to data sharing among business partners. Further, this technology is seen as a means to enhance efficiency and hastening responsiveness within the supply chain. With regard to this technology, trading partners can share two forms of data. The first is neutral data that can be shared among many parties and is considered to
...Download file to see next pagesRead More
While supply chain management concepts are applied in both service and manufacturing industry, its complexity varies greatly from industry to industry (Ganeshan & Harrison 1995). This report describes the role of Supply Chain Management (SCM) in the success of a business and analyzes the SCM system followed by Dell, Inc.
The first part is an overview of the two industries - high street fashion and airlines - in general, their key challenges, and the traditional theories and practice of operations management in their supply chains. The second part looks at recent development trends in supply chain technologies and business process re-engineering, whilst the third part provides examples of their effects.
Whenever we talk about a strong supply chain, the name of the PC Giant "Dell" comes to our mind. Dell has, over the period of time; build a very strong and efficient supply chain management system by improving on it continuously. Although Dell has a well-managed supply chain, but when we talk about so much of the positive aspects of the system, it does not definitely means that the negatives don't exist.
Barilla owns 27 factories and production facilities (15 are in Italy and 12 abroad) of which 9 mills, directly managed, providing most of the raw materials for the production of pasta and bakeries.Barilla exports in more than one hundred Countries.
In a bid to offer the low prices, suppliers invariably pay low salaries to their employees besides forcing them to work for longer hours.
Wal-Mart has been the industry leader in retailing business due to its ability to offer low priced
Many leading brands are currently running the fashion industry. Some of them are Zara, H & M and Benetton. In this case study, we have made a comparison of all the operational and supply chain activities of the three fashion brands.
Zara is Apparel or Clothing Company, head
This definitely leaves no option but to optimize supply chains in terms of profits. Innovative supply chain managements can consider outsourcing production to different manufacturers instead of relying on one manufacturer as a way of shortening buying cycle. For
This implies that supply firms need to come up with strategic plans if they are to maintain relevance. An evaluation of a successful company such as Li Fung can act as an indicator of the changes in the supply chain management sector. Li Fung is
3 Pages(750 words)Case Study
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Case Study on topic Global Data Synchronisation for supply chain for FREE!